First, in bold type blasted across the top of WashingtonPost.com: Unemployment Rate Hits 7.6% in January . It's the largest one-month job loss since December of 1974 and the highest unemployment rate since the fall of 1992. Meanwhile, "In addition to the rising number of unemployed, about 7.8 million are working part time even though they would like fulltime work." And no one thinks this is the last month of losses or the peak of the recession.A few inches down the page we get another headline, this one from a seemingly different universe: "Senators Call for Stimulus Cuts." Not "changes." Cuts. Not programs that deliver their economic shock more rapidly. Cuts. Not a trillion dollar stimulus with more of it going to an instant payroll tax rebate and expanded Social Security checks. Cuts. Because what we need right now is to err on the side of less action for the economy. Television booking thought: It would be interesting to see Susan Collins or, for that matter, Eric Cantor, sit down and debate this issue with Martin Wolf, no? TWO HEADLINES.
First, in bold type blasted across the top of WashingtonPost.com: Unemployment Rate Hits 7.6% in January . It's the largest one-month job loss since December of 1974 and the highest unemployment rate since the fall of 1992. Meanwhile, "In addition to the rising number of unemployed, about 7.8 million are working part time even though they would like fulltime work." And no one thinks this is the last month of losses or the peak of the recession.A few inches down the page we get another headline, this one from a seemingly different universe: "Senators Call for Stimulus Cuts." Not "changes." Cuts. Not programs that deliver their economic shock more rapidly. Cuts. Not a trillion dollar stimulus with more of it going to an instant payroll tax rebate and expanded Social Security checks. Cuts. Because what we need right now is to err on the side of less action for the economy. Television booking thought: It would be interesting to see Susan Collins or, for that matter, Eric Cantor, sit down and debate this issue with Martin Wolf, no? 
